UBS Launches Future of Finance Challenge for Fintech Entrepreneurs and Startups

Santander InnoVentures announced an open DL Challenge for fintech startups using Blockchain technology. The grand prize will be US$15,000 along with the promise of future angel investment. The goal of the DL Challenge is to “inspire innovation and encourage entrepreneurship” for startups worldwide. The competition is focused on mortgage processing, trade finance and asset leasing. Participants will be selected by a panel of DL and blockchain technology experts during the Challenge event in January, 2015. Mariano Belinky, managing partner of Santander InnoVentures, said: “Distributed ledger....

UBS has shown particular interest in fintech developments, creating an innovations lab to explore potential applications of bitcoin and the blockchain technology. Just recently, the company announced the launch of the Future of Finance Challenge, which is a competition open to fintech entrepreneurs and bitcoin startups. UBS is a Swiss global financial services company based in Zurich. It provides investment banking, asset management and wealth management services for private, corporate, and institutional clients worldwide and operates in more than 50 countries with about 60,000 employees....

Santander Innoventures, the $100 million fintech venture capital fund of multi-billion dollar Spanish banking group Santander, has partnered with startup agency OneVest to run a Distributed Ledger (DL) Challenge for early-stage startups. Specifically, the bank will be actively searching for blockchain-based startups targeting mortgage processing, trade finance and asset leasing, and technologies which could help the bank bridge conventional payment systems with decentralized payment networks like the blockchain. "Distributed ledger technologies will create huge value for customers, banks....

The Swiss banking bigwig UBS' worldwide competition named the "Future of Finance Challenge" for the technology startups and the entrepreneurs is going to cover the blockchain applications and technologies, cryptocurrencies and digital vaults. UBS will award a sum of $50,000 to the top performer with more than US$300,000 in total to be distributed. UBS has said that it will provide more than 300 hours of dedicated coaching and mentoring from experts to the winners. Such competitions open gates for innovations in this field and also provide a gateway for budding entrepreneurs and it is also....

PricewaterhouseCoopers (PwC), one of the Big Four auditors and a multi-bln dollar professional services firm, launched a program called “Startup Collider” in early September of last year. The program, which begins today, will support young entrepreneurs and startups working within the Blockchain and fintech industries. What is Startup Collider by PwC? Startup Collider, presented by PwC CEE, differs from the vast majority of startup accelerators or venture capital initiatives. Startups selected and welcomed by the PwC Startup Collider administrative team will cooperate directly with PwC,....